Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.67% | -0.05 | 0.72% |
| Return on Equity (%) | ▼ | 7.72% | -1.31 | 9.03% |
| Net Interest Margin (%) | ▲ | 3.27% | +0.21 | 3.06% |
| Efficiency Ratio (%) | ▼ | 69.88% | +2.14 | 67.74% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.34 | $6 |
| Cost of Funds (%) | ▲ | 2.05% | -0.33 | 2.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,140 | +85.38 | $2,054 |
| Gross Loans ($M) | ▲ | $1,463 | +119.20 | $1,344 |
| Loan Growth YoY (%) | ▲ | 77.04% | +1.79 | 75.25% |
| Total Deposits ($M) | ▲ | $1,875 | +113.00 | $1,762 |
| Shareholders Equity ($M) | ▲ | $190 | +20.89 | $169 |
| Tang. Book Value ($M) | ▲ | $179 | +20.95 | $158 |
| TBV excl. AOCI ($M)** | ▲ | $196 | +22.17 | $174 |
| Loan / Deposit Ratio (%) | ▲ | 77.04% | +1.79 | 75.25% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.17% | -0.21 | 0.39% |
| Allowance / Loans (%) | — | 1.30% | -0.07% | 1.37% |
| Net Charge-Off Ratio (%) | ▲ | 0.24% | -0.35 | 0.59% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.39% | +0.29 | 11.10% |
Noninterest income ($3.38M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▅▆▇▇█ | Net Interest Margin (%) | 2.83% | 2.90% | 2.93% | 3.06% | 3.11% | 3.16% | 3.19% | 3.27% |
| ▁▂▅▂▆▇█▁ | Return on Assets (%) | 0.68% | 0.72% | 0.79% | 0.72% | 0.82% | 0.85% | 0.90% | 0.67% |
| █▇▄▆▂▂▁█ | Efficiency Ratio (%) | 70.1% | 69.1% | 66.8% | 67.7% | 65.2% | 64.8% | 63.6% | 69.9% |
| ██▅▅▄▄▂▁ | Cost of Funds (%) | 2.70% | 2.64% | 2.42% | 2.38% | 2.37% | 2.31% | 2.14% | 2.05% |
| ▆▇█▇█▆▃▁ | NPA / Assets (%) | 0.34% | 0.36% | 0.43% | 0.39% | 0.41% | 0.34% | 0.26% | 0.17% |
| ▅▆█▇▃▅▃▁ | Net Charge-Off Ratio (%) | 0.49% | 0.54% | 0.67% | 0.59% | 0.35% | 0.46% | 0.36% | 0.24% |
| ▁▃▂▃▅▆██ | Tang. Book Value ($M) | $147 | $156 | $153 | $158 | $164 | $170 | $176 | $179 |
| ▁▁▁▂▃▃▇█ | Gross Loans ($M) | $1,331 | $1,315 | $1,326 | $1,344 | $1,366 | $1,370 | $1,440 | $1,463 |
| ▁▃▆▆▅▅██ | Total Deposits ($M) | $1,489 | $1,594 | $1,743 | $1,762 | $1,724 | $1,730 | $1,888 | $1,875 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 7% |
| Agricultural | 12% |
| Consumer | 10% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 14% |